Black Fives Foundation

Analysis

Black Fives Foundation is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Black Fives Foundation reported income of $192k and spending of $166k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $296k to $192k (-35%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Black Fives Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Stream Innovations Inc ($192k), Joy School Endowment Fund ($192k) and Hudson Blue Line Club Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% of the total. Compensation of current officers, directors and key employees was $50k (30% of expenses). At year end it held assets of $197k against liabilities of $34k, net assets of $163k. It reported 1 employees.